Comments on: Obama Draws A Line In the Sand: No Paulson Deal http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/ Firedoglake weblog Fri, 27 Nov 2009 08:47:40 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: MarkH http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641466 MarkH Mon, 22 Sep 2008 03:24:13 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641466 <blockquote> <blockquote><p> … the economy will grind to a halt because consumers, who account for two-thirds of economic activity, won’t be able to get the credit they need to keep spending. </p></blockquote> <p>then give the money to consumers!</p></blockquote> <p>Credit expands and contracts, but cash is forever. Expanding cash would induce price inflation and not produce anything. Reinvigorating credit allows the business world to work properly.</p> <p>Credit & cash can serve entirely separate functions and it’s best to not incorrectly mix them.</p>

… the economy will grind to a halt because consumers, who account for two-thirds of economic activity, won’t be able to get the credit they need to keep spending.

then give the money to consumers!

Credit expands and contracts, but cash is forever. Expanding cash would induce price inflation and not produce anything. Reinvigorating credit allows the business world to work properly.

Credit & cash can serve entirely separate functions and it’s best to not incorrectly mix them.

]]> By: MarkH http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641437 MarkH Mon, 22 Sep 2008 03:11:29 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641437 <blockquote><p>“The biggest help we can give the American people right now is to stabilize the financial system,” Paulson said.</p></blockquote> <p>If they want Democratic fingerprints on the new law, then they get Democratic fingerprints and not b.s.</p> <p>What this means is we consider this long enough to know the dimensions and how it will play out before we sign. We DO want to give the American people a stable financial system and to us that might mean something a little different than it does to an economist from the U. of Chicago.</p>

“The biggest help we can give the American people right now is to stabilize the financial system,” Paulson said.

If they want Democratic fingerprints on the new law, then they get Democratic fingerprints and not b.s.

What this means is we consider this long enough to know the dimensions and how it will play out before we sign. We DO want to give the American people a stable financial system and to us that might mean something a little different than it does to an economist from the U. of Chicago.

]]> By: bluebutterfly http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641356 bluebutterfly Mon, 22 Sep 2008 02:39:06 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641356 <p>Your link works…</p> Your link works…

]]> By: Justina http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641285 Justina Mon, 22 Sep 2008 01:50:02 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641285 <p>For those who are ready to flood our Democrats in Congress with the demand that they support Obama and refuse to approve Paulson’s plan, here is a web site that lists all the congressional e-mail addresses:</p> <p><a href="http://www.visi.com/juan/congress" rel="nofollow">www.visi.com/juan/congress</a></p> <p>If the support for Obama and against Paulson is overwhelming, Congressional Dems won’t dare back down.</p> For those who are ready to flood our Democrats in Congress with the demand that they support Obama and refuse to approve Paulson’s plan, here is a web site that lists all the congressional e-mail addresses:

http://www.visi.com/juan/congress

If the support for Obama and against Paulson is overwhelming, Congressional Dems won’t dare back down.

]]> By: Smgumby http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641048 Smgumby Sun, 21 Sep 2008 23:08:41 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641048 <p>Now if only it turns out to be <strong>more</strong> than just talk to appease the savage liberal…</p> Now if only it turns out to be more than just talk to appease the savage liberal…

]]> By: LeeNYC http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641041 LeeNYC Sun, 21 Sep 2008 23:05:34 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641041 <p>check huffington post. can’t get link to work. <a href="http://www.huffingtonpost.com/rep-bernie-sanders/the-middle-class-must-not_b_128046.html" rel="nofollow">http://www.huffingtonpost.com/.....28046.html</a></p> check huffington post. can’t get link to work. http://www.huffingtonpost.com/…..28046.html

]]> By: LeeNYC http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641039 LeeNYC Sun, 21 Sep 2008 23:04:55 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641039 <p><a href="http://www.huffingtonpost.com/rep-bernie-sanders/the-middle-class-must-not_b_128046.html" rel="nofollow"></a></p>

]]> By: LeeNYC http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641038 LeeNYC Sun, 21 Sep 2008 23:04:14 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1641038 <p>Senator Bernie Sanders has some ideas. <a href="http://www.huffingtonpost.com/rep-bernie-sanders/the-middle-class-must-not_b_128046.html" rel="nofollow"></a></p> Senator Bernie Sanders has some ideas.

]]> By: TheShadowKnows http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1640993 TheShadowKnows Sun, 21 Sep 2008 22:26:38 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1640993 <p>He needs to give Wall Street back the 9 or so million they have “advanced” Obama.</p> He needs to give Wall Street back the 9 or so million they have “advanced” Obama.

]]> By: TheShadowKnows http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1640986 TheShadowKnows Sun, 21 Sep 2008 22:24:00 +0000 http://firedoglake.com/2008/09/21/obama-draws-a-line-in-the-sand-no-paulson-deal/#comment-1640986 <p>This is THE defining move for Obama - Tough, taking a stand against corrupt corporations and their political cronies. for the people, a voice, finally. He should also say I fully expect Republican McCain to quickly jump on the bandwagon - another reversal, so many I have lost track of them.</p> This is THE defining move for Obama – Tough, taking a stand against corrupt corporations and their political cronies. for the people, a voice, finally. He should also say I fully expect Republican McCain to quickly jump on the bandwagon – another reversal, so many I have lost track of them.

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